If you’ve started to grow your business, or if you’re sick of paper invoices and snail mail to collect payments—you might be ready to open a merchant account to accept credit cards.
Before you get started, it’s good to know what to expect when applying for a merchant account. You’re probably wondering…
- How long will it take?
- What type of paperwork is involved?
- What do the underwriters want to see? (Wait, I have to be underwritten?)
- In this post, we’ll cover the 10 Things You Need to Know About Opening a Merchant Account.
For no additional fee, iPayTotal work closely with you throughout the application process. Our goal is to have your account approved as soon as possible with the ideal and best rates applicable to your business model.
Typically within 7-14 days, your account is live and ready. Integrate your website with a selected payment gateway or use our Virtual Payment Terminal to accept credit card payments if you intend to process MO/TO transactions.
Tailor-made package includes an arrangement of a direct merchant account (MID) with one of our EU/UK or international acquiring banking partners, with an award-winning payment gateway service, reporting tools, integrated fraud-prevention and free dedicated lifetime support.
- 40+ MERCHANT BANKS
- 30+ PAYMENT METHODS
- 150+ CURRENCIES